The Future of Business. Where are industries heading and what are the upcoming business trends.
Petrochemical industry leaders and financial investors need to update their strategic agendas and focus on recovery scenarios, regionalized supply chains, and capital productivity. That is, if they want to minimize the negative impact of the coronavirus pandemic on the industry, according to McKinsey & Company. In a recent analysis, the global consulting firm wrote that slowing…
The tidal wave of travel cancellations that came along with the coronavirus pandemic upended usual accommodation patterns and put heavy pressure on occupancy levels across the world. Portugal was no exception, with its always-bustling capital now much quieter than usual and a large number of its hotel rooms and vacation rentals remaining dormant. Exclusive…
The big digital shift in the B2B sector in response to the coronavirus pandemic is here to stay and the ability to gain a competitive advantage will prove to be more vital than ever, according to McKinsey & Company. “More than three quarters of buyers and sellers say they now prefer digital self-serve and remote…
The immediate effects of the coronavirus outbreak and the ensuing lockdowns exacted a heavy toll on the global economy and presented the greatest challenge in a decade for the auto sector. According to McKinsey & Company, global sales of light vehicles in 2020 are expected to decline 20 to 25 percent from pre-pandemic forecasts. In…
The shared mobility industry has very quickly lost both passengers and profits as a result of the coronavirus outbreak but it can make a strong comeback with the right strategies, says McKinsey & Company. “Consumers are indeed wary of shared mobility, given the risk of viral infection, and mobility-service providers (MSPs) must take decisive…
Lifting coronavirus lockdown restrictions may not by itself be sufficient to restore confidence or growth and economic recovery will start only when the pandemic is under control, according to McKinsey & Company. “The evidence heavily suggests that a multifaceted public-health response that goes well beyond a simple transient lockdown is a necessary first step to…
Asia-Pacific will remain the retail industry’s growth engine in the post-corona world. Retailers need to prioritize action in several key areas if they want to gain a sustainable edge over rivals, analysts from consulting firm Bain said in a recent report. According to the report titled “The Future of Retail in Asia-Pacific: How to Thrive…
Aside from delaying personal trips and vacations, the sudden halt of global travel during the coronavirus pandemic has had a major impact on companies whose workforces used to travel frequently as well as airlines and hotels that depend heavily on revenue from corporate travel. At times of uncertainty like now, it is difficult to predict…
The Office Administrative Services industry facilitates the day-to-day operations and smooth business functioning of small to big enterprises alike. Besides office administrative personnel, companies in this industry offer financial planning, accounting, billing, and logistics services. In 2017 the Office Administrative Services industry was worth $71 billion worldwide. Fast forward to 2019, it has grown to more than…
Artificial intelligence (AI) may have popularized big data but applications like the internet of things (IoT) are taking it to the next level. The need to analyze large datasets to come up with insights and the increasing internet traffic is increasing the demand for data and digital storage services. The global data center market should…
